Dan Morehead’s Pantera plots massive $1.25B Solana treasury via Nasdaq takeover

Solana is the focus of a $1.25 billion plan by Pantera Capital to create a public investment ￰0￱ strategy involves converting a Nasdaq-listed company into a firm dedicated to acquiring ￰1￱ move is part of a wider institutional race to create publicly-traded “crypto treasury stocks.” Pantera Capital is orchestrating one of the largest single institutional bids for Solana to date, with sources reporting that founder Dan Morehead is leading a capital raise of up to $1.25 ￰2￱ Is Pantera Capital’s Reported $1.25 Billion Solana Strategy? The firm’s strategy involves converting an existing, unnamed Nasdaq-listed company into a dedicated, publicly-traded investment vehicle focused exclusively on acquiring and holding ￰3￱ first phase aims to raise approximately $500 million from a consortium of ￰4￱ initial deal would grant the Pantera-led group new shares in the public company, with the fresh capital being deployed directly into purchasing SOL.

A secondary phase includes warrants that could unlock another $750 million in ￰5￱ Capital has committed $100 million of its own funds to anchor the deal. …